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Investment signal

$399,900

411 Sixth Street

Save this home

Beds

3

Baths

2

Sqft

Year

1983

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Salmo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Creekside living in the heart of Salmo. Backing onto Erie Creek, this grade level entry home offers a setting that’s hard to find and within easy walking distance to schools, shops and many everyday amenities. The main living area is located on the upper floor to take advantage of the light and views toward the creek, featuring the kitchen, dining and living room, two bedrooms and a full bathroom. A cozy covered deck off the kitchen is the perfect spot to relax and listen to the water flowing by. The lower level has its own entry and includes a bedroom, full bathroom, rec room/bonus area and a large laundry/utility room, offering flexibility for guests, extended family or potential suite options. Electrical was upgraded in 2022 with duplex service installed, including a new 200 amp panel servicing the upper floor and a 100 amp panel for the lower level. Outside, mature trees provide a canopy of shade, with built-in storage lockers, covered bike parking and a garden shed that could double as a playhouse. A small path leads down to Erie Creek, set up your lawn chairs, enjoy a picnic, cool off on a hot day or drop a line in the water. A great option for families or buyers looking for flexibility and long-term potential. (id:65958)

Subtype
Single Family
Structure
House
Community
Village of Salmo
Common interest
Freehold
Living area
1,536 square feet
Lot size
0.17 acres
Lot dimensions
0.17
Stories
2
On market
Apr 20, 2026
Status changed
Apr 21, 2026
Annual tax
$2,223.35
Photos
44
MLS#
10382864
Area
SALMO

Features and systems

Heating

Baseboard heaters

Exterior

WoodMetal

Flooring

Mixed Flooring

Roof

MetalUnknown

Lot

Corner Site

Community

Family Oriented

View

Mountain viewRiver viewUnknown

Waterfront

Waterfront on creek
Negative cash flow ~$104/mo at these assumptions

Cash on cash

-1.56%

Cap rate

4.55%

GRM

13.9

Break-even rent

$2,510

Financing

Down payment$79,980
Loan amount$319,920
Mortgage$1,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183
Insurance$80
Maintenance$333
CapEx reserve$167
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,621/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.

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